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High-tech incubator Tandem raises $32 million to nurture mobile start-ups

Tandem, a Silicon Valley-based high-tech incubator focused on mobile start-ups announced a new $32 million fund to invest in early-stage ventures by providing $200,000 of working capital, access to office space for 6 months, and mentoring in exchange for a 10% equity stake in...

Nokia to cut 10,000 jobs

Nokia will cut 10,000 jobs but continues to invest in new technologies.

Mobile economy: When filling a job means selling a city

AUSTIN, Texas – Competition for technical talent can be fierce, and often employers find that their best recruiting tool isn't the job or even the corporate culture, but the city where the job is located. And no one sells a city better than the...

Investors give new Freescale CEO a warm welcome

Shares of Freescale Semiconductor (FSL) are sharply higher for the second straight day on news that the company has hired a top Texas Instruments (TXN) executive as its new CEO. Gregg Lowe, who has been running TI's analog chip business, takes the helm immediately...

Reports: Verizon to cut 1,700 wireline jobs

Published reports indicate that Verizon Communications is looking to cut up to 1,700 jobs across its wireline operations as business for traditional telecom services continues to slow. The telecom giant, which employs more than 190,000 people across its operations, is looking to trim its workforce...

Windstream to cut up to 400 management positions

Telecom service provider Windstream announced a corporate restructuring last week that will result in the elimination of up to 400 management positions, or about 3% of its workforce. The company, which was formed in 2005 from the merger of Alltel Communications wireline assets and...

Austin works to recruit tech talent

Austin is one of the bright spots in the national employment picture. While US unemployment ticked up to 8.2% last month and the economy created just 69,000 jobs, Austin's unemployment rate is just 5.9% and the local area economy is expected to create 19,000...

HP to cut 27,000 jobs

Tablets and smartphones are replacing PCs for many consumers and businesses, and Hewlett-Packard is feeling the sting. The company says it will lay off 27,000 workers in a restructuring effort aimed at saving up to $3.5 billion a year. HP was the world's largest...

Workforce update: State unemployment rates drop, layoffs expected at HP

Unemployment in most states fell slightly in April, according to data released Friday by the U.S. Department of Labor. The unemployment rate fell or held steady in every state except for Colorado, Maryland, New Jersey, Utah, and Rhode Island. The national unemployment rate for...

From Facebook to AT&T, open source means job growth

AUSTIN, Texas - Open source computing is a job growth engine with potential to create world-class developers while enabling the mobile economy, according to a panel of executives who spoke on the topic at the Austin Technology Council's CEO Summit. The panel focused on OpenStack,...

T-Mobile USA clarifies job cuts; net loss of 350 positions

T-Mobile USA looked to head off bad publicity generated this week when it was reported the carrier was set to cut 900 jobs as part of a broader corporate restructuring program. The carrier, which currently has approximately 36,000 employees, today noted that the actual...

T-Mobile USA to cut 900 more jobs

Still reeling from the government's rejection of its plan to merge with AT&T Mobility, T-Mobile USA says it will cut an additional 900 jobs. In March the company said it would cut 1,900 jobs as it closed call centers, but that many of those...

In-app advertising companies score big: LifeStreet and Vungle both close VC rounds

For most folks, news of heightened venture capital activity, especially when centered on a particular hot industry trend, should conjure a very appealing mental image: Jobs. Today, LifeStreet Media, a mobile advertising platform vendor, announced a $66 million investment from Nautic Partners. In addition...

Report: Domestic wireless market feeds jobs, investment; more spectrum needed

The impact mobile communications has on a country’s economy has been a hot topic of late as carriers around the globe scramble to free spectrum assets from government regulators. Today, Recon Analytics working with domestic wireless trade association CTIA, noted in a report that...

CWA asks for federal benefits for T-Mobile USA call agents

The Communications Workers of America sent a request to the U.S. Department of Labor that it grant trade adjustment assistance benefits to T-Mobile USA customer service agents slated to lose their jobs in June. The CWA noted in a press release that 3,300 employees are...

NSN, union finalize steps to preserve 2,000 German jobs

Nokia Siemens Networks reported late last week that its plans to maintain about 2,000 employees in Munich is set to be approved following the acceptance of a plan for those employees to join an “interim employment company.” “As a result of these developments, about 2,000...

Brazilian telecom providers invested $11.81 billion in 2011

Brazilian telecom services providers, including mobile, fixed, broadband and pay-TV, invested a total of U.S.$11.81 billion (R$21.7 billion) during 2011, according to the Brazilian Association of Telecommunications (Telebrasil). The amount includes network expansion, coverage increases and service quality improvements, among other investments. Follow RCR Wireless News...

Brazil announces tax breaks to boost economy; positive impacts for ICT sector

The Brazilian government does not want the economic crisis expand in the country. On April 3, President Dilma Rousseff announced new tax cuts and other stimulus measures that will benefit 15 industry segments. The new package, which complements the one previously announced, is intended...

Cisco to invest $546.6M in Brazil, generate 800 jobs

Brazil represents a key global priority and growth opportunity for Cisco (NASDAQ: CSCO). In recent years, the country’s Cisco subsidiary has been growing consistently, more than 20% each fiscal year. This could be enough to justify the company's new investments of more than $546.6...

Nokia Siemens, German union agree on plan to keep 2,000 jobs in Munich

Nokia Siemens Networks and German trade union IG Metall said they have reached an agreement that would maintain 2,000 jobs in Munich if a majority of the 1,600 employees set to lose their jobs agree to join “an interim employment company” by the end...

Tax breaks help bring Apple jobs to Austin

As the company that revolutionized the mobile industry and continues to set the bar, Apple has no problem getting an audience with local and state governments when it announces plans for expansion. So the Austin City Council was all ears last summer when Apple...

T-Mobile USA to shut 7 call centers, cut 1,900 jobs

T-Mobile USA, which has made a name for itself in garnering customer service accolades from the likes of J.D. Power and Associates, said it plans to close seven call centers by the end of June, resulting in 1,900 job cuts. The carrier said the...

HP to merge printing, PC units

HP (NYSE: HPQ) announced the merger of its imaging and printing group (IPG) with its personal systems group (PSG) to create the printing and personal systems group. The company said the organizational realignment aims to improve performance and drive profitable growth across its portfolio...

CWA claims New Jersey victory

The Communications Workers of America last week applauded the New Jersey State Assembly for passing the “Save New Jersey Call Centers Jobs Act,” which requires public disclosure by companies that move jobs from the state overseas as well as prevents those companies from receiving...